Lionsgate, NJPAC, Great Point Studios Building Film Studio at Newark Housing Project – NBC New York

What was as soon as a decrepit public housing venture in Newark will quickly be a large movie and TV manufacturing studio, following a $100 million deal introduced Tuesday by a consortium of movie firms and media buyers.

Lionsgate, NJPAC and Great Point Studios will construct a 300,000-square-foot facility with six manufacturing phases on the South Ward web site of the previous Seth Boyden housing venture, which was deserted in 2015 and demolished final February.

Great Point, whose founder Robert Halmi beforehand created the Hallmark Channel, will personal and function the studio. Lionsgate would be the anchor tenant and maintain naming rights. (The 2 firms additionally collaborated on a studio facility in Yonkers.) NJPAC will handle public affairs and create programming for native college students.

Building is ready to start this summer time, with a view to opening in late 2024.

Backers mentioned the brand new facility, New Jersey’s first purpose-built for movie and TV manufacturing, would create about 600 jobs, with precedence going to Newark residents.

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